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    Home office deduction


    When you sell your principal residence , you can exclude

    from income up to $250,000 of gain and $500,000 on

    a joint return. Ownership and use tests must be met .

    But if you've been taking a home office deduction

    because you used part of your home for business, the

    IRS will consider part of the house sale as a sale

    of business property. That means you'll have to

    pay taxes on the portion of the gain which is allocated

    to the part of the house you used for the business.

    You can avoid this problem if no part of your house

    qualifies for a home-ofiice deduction during the year

    the sale is made. If you make sure that it is obvoius

    that your home office space is used for non-business purposes,

    it won't qualify for the home-office deduction.

    The sale will not be treated as a partial sale of business

    property and the sales proceeds will qualify for exclusion of the gain


    IRS Representation

    We provide elctronic account resolution with the IRS for:

    Penalty Information/Computation

    Mixed Entity Period

    Misapplied payment/Credit Transfer

    View client transcript online



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    Telephone: (407) 522-4480

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